Top Insights
- Prior was +0.4% (revised to 0.0%
- Productivity +0.3% vs +0.8% expected
- Prior productivity +3.2% (revised to +3.5%)
The higher unit labor costs are a tough sign for markets already worried about rising wages. The prior revisions mitigates it, but only a bit. I would warn that these numbers are difficult to measure and often revised.
This article was written by Adam Button at www.forexlive.com.
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